Input and output variables description
| Variable | Description |
|---|---|
| Total operating expenses | Includes administrative, general expenses and commission paid as at the end of the year |
| Debt and owner’s equity | Including the paid-up capital of the company in addition to the retained earnings after the issuance of both statutory and voluntary reserves and premium on paid-up capital, as well as the value of the change in the investment valuation reserve as at the beginning of the year. Plus borrowing from banks |
| Total technical provisions | Includes the provision for unearned premiums, outstanding claim provision and the mathematical reserve at the end of the year |
| Net earned premiums | Premiums written by the company after excluding reinsurers’ share plus the value of the change in the unearned premium provision after excluding the reinsurer’s share (for non-life insurance business) or the value of the change in the mathematical reserve after deducting reinsurers’ share (for life insurance) |
| Investments income | Including the profits from financial investments in addition to the interest on deposits in banks and interest earned on bonds owned by the company |
| Variable | Description |
|---|---|
| Total operating expenses | Includes administrative, general expenses and commission paid as at the end of the year |
| Debt and owner’s equity | Including the paid-up capital of the company in addition to the retained earnings after the issuance of both statutory and voluntary reserves and premium on paid-up capital, as well as the value of the change in the investment valuation reserve as at the beginning of the year. Plus borrowing from banks |
| Total technical provisions | Includes the provision for unearned premiums, outstanding claim provision and the mathematical reserve at the end of the year |
| Net earned premiums | Premiums written by the company after excluding reinsurers’ share plus the value of the change in the unearned premium provision after excluding the reinsurer’s share (for non-life insurance business) or the value of the change in the mathematical reserve after deducting reinsurers’ share (for life insurance) |
| Investments income | Including the profits from financial investments in addition to the interest on deposits in banks and interest earned on bonds owned by the company |
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